• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Employee referrals take off as preferred hiring strategy

by on
in Hiring,Human Resources

As hiring heats up, more service-sector firms are ramping up employee referral programs, which reward workers for encouraging qualified external candidates to apply for jobs. According to recruiting software publisher Jobvite, 61% of its clients’ recruits come in through employee referrals, compared to 14% from online job boards.

Success stories: 21% of Accenture’s successful hires in 2012 were the result of the consulting firm’s referral program. At accounting firm Ernst & Young, 46% of 2012 new hires came through employee referrals, up from 28% a few years ago. Its goal for 2013 is 50%.

According to Jobvite, 43% of new employees hired through a referral program were on the job three years later, compared to 14% for those who arrived via a job board.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/36738/employee-referrals-take-off-as-preferred-hiring-strategy "

Leave a Comment